Forex: EUR/USD eases to 1.3030 after German data

FXstreet.com (Barcelona) - The euro gave away a few pips after the better-than-expected trade balance results from Germany, with the trade surplus at €17.6 billion during March, exceeding forecasts at €16.5 billion. Upbeat tone from exports and imports as well, rising 0.5% and 0.8% respectively and leaving behind previous contractions.

Next on tap will be the Italian external sector figures followed by Greek consumer prices and the speech by Chief Bernanke.

At the moment, the cross is down 0.10% at 1.3028 with the next support at 1.3010 (low May 9) ahead of 1.2992 (MA200d) and finally 1.2988 (low Apr.25).
On the flip side, a breakout of 1.3075 (MA21d) would expose 1.3100 (MA10d) and then 1.3194 (high May 8).